June 25, 2025

Why Every E-Commerce Business Needs Professional Accounting Services

In today’s fast-paced digital economy, e-commerce businesses are booming. From small-scale startups selling on Instagram to large marketplaces operating globally, online retail is transforming the way we shop and do business. But while the e-commerce model offers tremendous opportunities, it also comes with unique financial challenges. Managing inventory, processing thousands of transactions, handling taxes across multiple regions, and tracking expenses […]

General
June 15, 2025

Who Needs an Internal Audit in India? A Complete Guide for Businesses

In today’s rapidly changing business environment, maintaining transparency, accountability, and strong internal controls has become more important than ever. One of the most effective tools that help organizations achieve these goals is internal audit. But the question arises — who actually needs an internal audit in India? Is it only for large corporations, or do startups and SMEs also require […]

Internal Audit
June 9, 2025

UK Alert June 2025: A Surprising Start to Economic Growth

The UK economy posted a stronger-than-expected growth of 0.7% in Q1 2025, a significant uptick from just 0.1% in the previous quarter. This growth came despite subdued sentiment and ongoing global trade tensions. – Services led the expansion, rising by 0.7%, with both consumer- and non-consumer-facing sectors contributing. Notably, admin, support services, and wholesale/retail saw solid gains, though accommodation, food, […]

United Kingdom
June 9, 2025

Brookfield Eyes Tripling India Assets To $100 Bn In Five Years

Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees […]

Corporate Finance
June 9, 2025

Important GST Advisories—May 2025

Important GST Advisories—May 2025 May, 01,2025– Implementation of HSN Code Reporting in GSTR-1/1A (Phase-3) Starting May 2025, the third phase of HSN code reporting in GSTR-1/1A is being rolled out. Under this phase, taxpayers will need to select HSN codes from a dropdown list—4-digit codes for those with turnover up to ₹5 crore, and 6-digit codes for those exceeding ₹5 […]

INDIRECT TAX
June 9, 2025

RNM Tax Alert – Direct Tax Part for May 2025

CBDT Extends Due Date of filing of ITRs which were due for filing by 31-7-2025 The CBDT vide Press Release dated 27-5-2025; extends due date of filing ITRs for AY 2025-26 from July 31, 2025 to Sep. 15, 2025. CBDT updates ITR-U to allow filing of updated return up to 48 months, DATED 19-05-2025 The CBDT updates ITR-U to allow […]

Direct Tax

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